Sharp Foreclosure Facts That..

Work With Your Lender To Avoid Foreclosure
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Bloomberg - Congress may want to tack on some exemptions for, say, subprime borrowers facing foreclosure. And why stop there? The government could do its share to help struggling industries at the same time that it’s giving the economy at large a lift More Foreclosure News

WWMT - People shouldn’t feel embarrassed, it’s very technical stuff,” said Western Michigan Legal Aid Ragan Savara. Tuesday’s fair brought together banks, credit counseling, legal assistance and service agencies, for a one-stop shop for foreclosure help. More Foreclosure News

FOX News - They made one stop on the way to West Virginia — at a McDonald’s where they disposed of their cell phones. They spent Boyd and Dillon owned a house for a period, but lost it in foreclosure. “Despite our attempts to have a normal life, things just More Foreclosure News

Lansing State Journal - We are partnering with business to create a One Stop Shop for businesses, a single web portal and one number to call to companies to freeze increases in adjustable mortgage rates for up to five years to protect Michigan families from foreclosure. I More Foreclosure News

Seattle Post Intelligencer - Their Homes’ President Bush is urging Congress to take the necessary steps needed to help struggling Americans avoid foreclosure. Clinton Makes Campaign Stop in Connecticut Democratic presidential candidate Hillary Clinton made a stop in Hartford More Foreclosure News

Refinancing May Avoid Foreclosure
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Boston Globe - This is what real estate fever looks like in a down market: Thousands of people gathered to bid on foreclosed houses. Shown flaws in houses Interactive map Foreclosures in Massachusetts, 2003 to 2007 Photo gallery Faces of Lawrence’s foreclosure crisis More Foreclosure News

Naples Daily News - Florida is among the leading states in foreclosure rates across the country, the result of falling home prices and increasing possible, the potential buyer of foreclosed property needs to do some basic research and consultation with their real estate More Foreclosure News

Baltimore Sun - and City Council President Stephanie Rawlings-Blake discuss mortgage issues facing city residents, including foreclosure, at The Real Estate Wonk More Foreclosure News

Inside Bay Area - The real estate and home construction markets collapsed, loan defaults and foreclosures proliferatedand damage has continued In Cleveland, an epicenter of the foreclosure crisis, the city has demolished 1,000 abandoned homes in the past year that had More Foreclosure News

HispanicBusiness.com - Real estate agent John Aguero, Sr. says he gets four to seven calls each day from people asking about what they can do with One man called and asked how long the foreclosure process would take if he skipped his 1,600 house payments. Aguero told him More Foreclosure News

American Reporter - FORECLOSURE NUMBERS ARE WARNING SIGNS FROM U.S ECONOMY by Mark Scheinbaum American Reporter Correspondent Boca Raton, Fla. Back I credit a veteran realtor who has lived in my own neighborhood for 17 years, and an experienced real estate attorney with More Foreclosure News

Buying Foreclosed Homes May Be Scary
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Clinton campaigns at Compton church
Long Beach Press-Telegram - Proposing “green-collar jobs” and solutions for the housing foreclosure issue, Clinton made a campaign stop at Citizens of Zion Missionary Baptist Church to rally support from the black community. “Compton is birthing a new community, but you
Source: www.presstelegram.com

Broward home sales drop 27% in 2007; Prices drop 1%
Fort Lauderdale Sun-Sentinel - Some analysts expected it to improve by late 2007, but instead the slump deepened as foreclosure filings and the inventory of also offering cruises to real estate agents who show the house and three-night hotel stays to prospective buyers who stop
Source: www.sun-sentinel.com

Drowning in debt over mortgages? You have options
St. Petersburg Times - Consider a Chapter 13 bankruptcy filing. You’ll stop foreclosure proceedings and be put on a payment schedule for all your debts. Eventually you may be able to refinance. The drawback: bankruptcy stays on your credit report for 10 years. [Last
Source: www.sptimes.com

Exclusive Reports
Triangle Business Journal - Biofuels crank up in N.C. Bowles makes a power play Crosland closes final Erwin gap Wake leads state with sizzling foreclosure pace Credit losses crush Wachovia’s 4Q earnings [Tuesday] Bank of America profit plummets 95% [Tuesday] Whole Foods to stop using
Source: triangle.bizjournals.com

Police, public chase man accused of accosting girls at rest stop
Modesto Bee - A year later, foreclosure news 10 times worse (20) ‘Wife Swap’ show brings ‘magic’ to Modesto family (18) Modesto area harpist, Donelle Page, 55, dies (17) Santa Cruz bans foam containers (12) Residents, leaders caught in fiery, and often strange
Source: www.modbee.com

Work With Your Lender To Avoid Foreclosure
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AOL - I introduced legislation to stop mortgage fraud and predatory lending almost two years ago. I called for a middle-class We should help those facing foreclosure refinance their mortgages and stay in their homes, and we should provide direct relief More Foreclosure News

Boston Globe - At a stop near Columbia Thursday, a woman urged the former president to “stop taking the bait from Obama” and stick to all the planning going on with Congress and the White House is going to miss the boat if we don’t stem the tide of foreclosure. More Foreclosure News

La Crosse Tribune - Sheriff’s sales were up 22.6 percent in 2007 in La Crosse County, and now foreclosure filings are almost 50 percent ahead of Mack wrote: “While Ron has been ‘OK’ on most issues (except voting for an unjust war), he does need to stop playing More Foreclosure News

Foreclosed Properties May Be Hard To Find
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Losses darken North Port’s mood
Herald Tribune - NEWS COMMUNITY BUSINESS SPORTS A&E OPINION JOBS AUTOS REAL ESTATE CLASSIFIEDS HELP Local Florida Nation World Politics Health Weather Crime Hundreds of homes are unfinished, others in foreclosure. The end of the building boom led to job and home losses and an uptick
Source: www.heraldtribune.com

Brooklyn Neighborhood Leads N.Y. State in Subprime Foreclosures
Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology Jan. 25 (Bloomberg) — A Brooklyn, New York, neighborhood had the highest subprime foreclosure rate in the state in October
Source: www.bloomberg.com

Workshop offers help preventing foreclosure
Boston Herald - A s the foreclosure crisis mounts, Congressman Stephen F. Lynch, a Massachusetts Democrat, is hosting a foreclosure prevention Next Article in Real Estate: An offer he couldn’t refuse
Source: news.bostonherald.com

The emotional cost of foreclosure
Visalia Times-Delta - They no longer can afford to make the payments and are losing their home in a foreclosure. “I can’t blame anybody but Brad Maaske, a local real estate expert, has little sympathy for them. “Thirty percent of the houses sold in 2005 were
Source: www.visaliatimesdelta.com

Disadvantages Of Buying Preforeclosure
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Downtown developer faces foreclosures on $56M worth of loans
Orlando Business Journal - In addition, London-based Barclays Capital Real Estate Inc. filed foreclosure papers Jan. 17 relating to a $14.8 million loan it made to Kuhn for The Plaza parking garage. “I’m going to take a huge financial hit,” Kuhn says. “I will lose some buildings
Source: orlando.bizjournals.com

Mortgage crunch: Miller sees rise in scams
Elko Daily Free Press - and the money sums involved equal roughly $1 billion. “It’s mostly based in Clark County,” said Miller. “Foreclosure The first one is when the scam artist “buys” the home through non-traditional methods, void of a real estate agent or
Source: www.elkodaily.com

Squatters Moving Into Foreclosed Homes
KXTV News10Net - With foreclosure rates at nearly 60 percent in Tracy, hundreds of homes are vacant. Some who know this are moving in, illegally. Real estate agent Lori Wehrli is stuck for now with a house she can’t sell, thanks to a group of squatters who moved in
Source: www.news10.net

Cameron Kuhn, key downtown Orlando high-rise towers face foreclosure
Orlando Sentinel - The mortgage-foreclosure lawsuit against The Plaza, a three-tower mixed-use complex on Orange Avenue between Pine and Church Barclays Capital Real Estate, the investment-banking company that bankrolled the $140 million Plaza development, filed the
Source: www.orlandosentinel.com

Housing crisis
Army Times - A few months later, when the Springers had no choice but to put their house on the market, real estate agents told them the house was worth just $59,000 — half of what they owe. So in addition to the house being in foreclosure, Teresa Springer said
Source: www.armytimes.com

This week’s Real Estate stories
Marketwatch - more about how the mortgage industry reacted to the loan-limit provisions of the stimulus proposal in this week’s Real Estate We are not in foreclosure, but due to a job change, we have been getting behind in credit-card payments. We will always pay
Source: www.marketwatch.com

The furniture business weathers the housing storm
Modesto Bee - Modesto area harpist, Donelle Page, 55, dies (20) A year later, foreclosure news 10 times worse (16) Residents, leaders caught The meltdown in real estate means that fewer people buy houses and new furniture to go with them, or use home equity to get a
Source: www.modbee.com

Homeowners in trouble can get help
Visalia Times-Delta - The first in a series of consumer workshops to help troubled homeowners is scheduled for next weekend in Visalia. The event, organized by local housing counselors and other real estate professionals, is called the Foreclosure Prevention and Mortgage
Source: www.visaliatimesdelta.com

Buying Foreclosed Homes May Be Scary
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Toledo Blade - October in the county involved repossessions by a bank or other mortgage-holder, according to data from online real estate sales firm RealtyTrac Inc. of Irvine, Calif. Metro Toledo ranked 20th-worst among America’s 100 largest cities in foreclosure More Foreclosure News

ABC News - With home foreclosures at a 20-year record high in California and up 68 percent nationwide, real estate agents are trying out new ideas to keep the housing market alive. Foreclosure bus tours in which home buyers visit a number of foreclosed More Foreclosure News

Indianapolis Star - Banks typically hire real estate agents to put their properties in the multiple listing service. That means any agent who belongs to that MLS can search at no charge for properties that are coded as a foreclosure, pre-foreclosure (as noted by the More Foreclosure News

Detroit News - Annual real estate studies by area appraisers quantified the value losses that real estate agents and home sellers have known But foreclosures in Northville, Canton and Plymouth had a bigger impact, where $600,000 homes went into foreclosure and were More Foreclosure News

Tracy Press - Vagrants who took over a home in foreclosure have been nightmare ‘tenants’ for one Tracy real estate agent. Real estate agent Lori Wehrli has been reluctant to enter this home without police with her. Enrique Gutierrez/Tracy Press The house for sale More Foreclosure News

Baltimore Sun - Subprime mortgage lender Fieldstone Investment Corp. of Columbia created the loan program during the real-estate gold rush in If they defaulted, Fieldstone would be more likely to recover its money in a foreclosure. But as easy credit flowed and More Foreclosure News

Palm Beach Interactive - Palm Beach County’s foreclosure rate skyrocketed to one for every 45 households in 2007. In some neighborhoods, such as The real estate industry is in a severe downturn, but tourism is holding strong, Villamil noted. And while housing-heavy More Foreclosure News

Fort Lauderdale Sun-Sentinel - Some analysts expected it to improve by late 2007, but instead the slump deepened as foreclosure filings and the inventory of Real Estate Message Board More Foreclosure News

Compare Foreclosure Options
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Toledo Blade - We’ve been providing vouchers for up to $1,000 for people facing foreclosure, but it wasn’t enough to stop the problem,” said Deb Ortiz, executive director of Job and Family Services. “And mortgage companies weren’t accepting our vouchers. This More Foreclosure News

Baltimore Sun - These abuses have got to stop,” Cantori said. As a result of The Sun’s series, Cantori said, the foundation no longer fees charged by lawyers who specialize in buying the rights to collect delinquent property taxes and later file foreclosure More Foreclosure News

Modesto Bee - Modesto area harpist, Donelle Page, 55, dies (20) A year later, foreclosure news 10 times worse (16) Residents, leaders caught in Most are far more modest, such as $200,000 included last year at Cardoza’s request for studying ways to stop flooding of More Foreclosure News

Modesto Bee - A year later, foreclosure news 10 times worse (20) ‘Wife Swap’ show brings ‘magic’ to Modesto family (18) Santa Cruz bans foam Department of Forestry and Fire Protection officials knew of the abuse or should have known, and did nothing to stop it. More Foreclosure News

Fort Lauderdale Sun-Sentinel - Some analysts expected it to improve by late 2007, but instead the slump deepened as foreclosure filings and the inventory of also offering cruises to real estate agents who show the house and three-night hotel stays to prospective buyers who stop More Foreclosure News

Buying Foreclosed Homes May Be Scary
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Uninvited guests
Tracy Press - Vagrants who took over a home in foreclosure have been nightmare ‘tenants’ for one Tracy real estate agent. Real estate agent Lori Wehrli has been reluctant to enter this home without police with her. Enrique Gutierrez/Tracy Press The house for sale
Source: tracypress.com

FirstFed Reports Preliminary Results for the Fourth Quarter of 2007
Forbes - The increased provision was due to increases in foreclosed and delinquent single family loans resulting from the downturn in the real estate market. Single family non-accrual loans (greater than 90 days delinquent or in foreclosure) increased to $179
Source: www.forbes.com

Firms sued, accused of home equity scams
Miami Herald - Florida companies and 12 individuals who allegedly peddled programs offering to help struggling homeowners avert foreclosure include Southeast Capital Mortgage in Hollywood and Barrister Title Services in Plantation, from operating in real estate
Source: www.miamiherald.com

Brooklyn Neighborhood Leads N.Y. State in Subprime Foreclosures
Bloomberg - Exclusive Worldwide Regions Markets Economy Politics Industries Consumer Energy Finance Health Care Insurance Real Estate Technology Jan. 25 (Bloomberg) — A Brooklyn, New York, neighborhood had the highest subprime foreclosure rate in the state in October
Source: www.bloomberg.com

Compare Foreclosure Options
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Lawmakers proposes ban on certain types of risky mortgages
San Francisco Gate - is to end the type of risky lending practices that have left tens of thousands of California homeowners in or near foreclosure. They want to stop the kind of practices that have led to a national wave of foreclosures that is snowballing into a wider
Source: www.sfgate.com

Buyers Hungry for Deals Likely to Find Many at Auction of Nearly 250
Forbes - California, specifically investors, defaulting on subprime adjustable rate mortgages (ARMs), which is driving up the foreclosure This same approach provides sellers with a one stop single solution to the disposition of real estate assets. Sellers
Source: www.forbes.com

Writers talks could resume next week
Dayton Daily News - Adding more houses and stores in HH does not help the already overwhelming foreclosure rate and lack of jobs. People are leaving so that working class people may be able to afford them? Huber should be ashamed. Build apartments in town. Stop
Source: www.daytondailynews.com